Bitcoin Cash News: BCH Powers Its Way to $491.80 After Surging Past $487 Resistance

Bitcoin Cash (BCH) saw a substantial increase, reaching $491.80 after breaking through a resistance level of $487 during the European trading session. The volume surged 78% above the 24-hour average, indicating strong buying interest. Key price movements involved setting higher lows at $462.67, $474.27, and $479.03 prior to the breakout, which elevated BCH by 3.3%. The price peaked at $495.30 before a brief pullback, settling around $491.74 shortly after. Analysts identified support levels at $490, $487, and $479.03, while the resistance was noted near $495. This context reflects a robust upward trend, characterized by repeated higher lows and sustained buying pressure, with ongoing targets suggesting potential movement beyond the $500 mark.

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